CESC's green arm to invest ₹3,800 crore in Uttar Pradesh solar plant

Power utility CESC Ltd on Wednesday (January 21) announced that its subsidiary, CESC Green Power Ltd, has signed a memorandum of understanding (MoU) with the governor of Uttar Pradesh on January 20, 2026. The project is expected to involve an investment of around ₹3,800 crore.

"We write to inform you that CESC Green Power Limited, a subsidiary of the company, has entered into a Memorandum of Understanding (‘MoU’) on January 20, 2026, with the Governor of Uttar Pradesh for establishment of 3 GW Solar Cell/module plant, 60 MW of Solar Power Plant and ancillary units, Research & Development Lab and other infrastructural facilities in Uttar Pradesh, with an investment of around ₹3,800 crore," according to a stock exchange filing.

The agreement entails the establishment of a 3 GW solar cell and module manufacturing plant, a 60 MW solar power plant, and associated units, including a research & development laboratory and other infrastructural facilities in the state.

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Last year, CESC's subsidiary, CESC Green Power Ltd, received an in-principle approval from the High-Level Clearance Authority of the Odisha government to establish a large-scale renewable manufacturing facility in Dhenkanal district.

The project, worth about ₹4,500 crore, will be developed in three phases and include a 3GW solar cell unit, a 3GW solar module unit, a 5GWh battery cell and pack facility, and a 60 MW captive power plant.

Shares of CESC Ltd ended at ₹145.80, down by ₹1.35, or 0.92%, on the BSE today, January 20.